As the U.S. continues to rack up more than $1 trillion of new debt every year, Americans are beginning to worry about who we owe this money to and how much power our creditors have over us.According to Barry P. Bosworth, a senior fellow at the Brookings Institution, our two biggest foreign creditors are Japan and China.Although it may seem as though our debt to these countries renders us a puppet...
Earnings from McDonald's, Microsoft sink stocks
Labels: BusinessNEW YORK (AP) -- Poor earnings reports from three companies in the Dow Jones industrial average — Microsoft, General Electric and McDonalds — sent indexes down sharply Friday, marking a sour end to an otherwise strong week in the stock market.McDonald's led a broad drop in the Dow, falling 3 percent. The Dow was down 151 points at 13,397 shortly after noon."I'm concerned about corporate earnings,...
McDonald's Canada Reveals How They Make Famous Fries
Labels: BusinessMcDonald's Canada is at it again, demystifying their french fry recipe "from the farm to all the way to the fryer."In their new behind-the-scenes video, Scott Gibson, manager of the company's supply chain, takes customer questions on their world-famous fries.Gibson addresses the first question asking whether or not the potatoes used by the fast food restaurant are real. Standing in the middle of the...
Apple’s New iPad Mini Is Pricey but That Won’t Deter Fans: TechCrunch’s John Biggs
Labels: BusinessIt's officially here: The iPad mini, the subject of endless speculation and rumors over the past year, made its debut Tuesday at the California Theater in San Jose, Calif. The iPad mini starts at $329 and hits store shelves Nov. 2. Pre-sales begin Oct. 26. It boasts a 7.9-inch display, weighs 0.68 pounds and is 7.2mm thick. The design closely resembles the iPod Touch and comes in both black and white.Related:...
US economic growth improves to 2 pct. rate in Q3
Labels: BusinessWASHINGTON (AP) -- The U.S. economy expanded at a slightly faster 2 percent annual rate from July through September, buoyed by an uptick in consumer spending and a burst of government spending.Growth improved from the 1.3 percent rate in the April-June quarter, the Commerce Department said Friday.The pickup in growth may help President Barack Obama's message that the economy is improving. Still, growth...
Disney buying Lucasfilm for $4.05 billion
Labels: BusinessLOS ANGELES (AP) — Disney is paying $4.05 billion to buy Lucasfilm Ltd., the production company behind "Star Wars," from its chairman and founder, George Lucas. It's also making a seventh movie in the "Star Wars" series called "Episode 7," set for release in 2015, with plans to follow it with Episodes 8 and 9 and then one new movie every two or three years.The Walt Disney Co. announced the blockbuster...
Has Obama Been Good for Millionaires?
Labels: BusinessThe question of whether Americans are better off than they were four years ago depends, of course, on the American.For the 12 million unemployed, the answer is most certainly no.But for many of America's millionaires, the answer may be more affirmative.A new study from WealthInsight, the London-based wealth-research and data firm (and yes, they are non-partisan), showed that the United States added...
Obama Wins 2012 Election: Why Your Taxes Are Going Up
Labels: BusinessWhen President Obama and the new Congress begin to tackle important legislation and federal policy in January, one of the key issues will be how to reform America's byzantine tax code.Obama campaigned on a platform to raise taxes on the wealthiest Americans, declaring that millionaires and billionaires need to "pay their fair share." The president proposed the highly controversial "Buffett Rule,"...
Dec
20
Senators Watch ‘Lincoln’ with Steven Spielberg and Daniel Day-Lewis
Labels: EntertainmentGrab the popcorn: Its movie night tonight in the Senate.The Senate has taken an official recess from floor debate for a few hours to screen the movie “Lincoln” in the Capitol Visitors Center within the Capitol complex.Appearing with director Steven Spielberg and actor Daniel Day-Lewis on Capitol Hill this evening, Senate Majority Leader Harry Reid, D-Nev., said that he hopes the message of the movie...
Videogames under fire, Hollywood lays low after school shooting
Labels: EntertainmentLOS ANGELES (Reuters) - The multi-billion-dollar videogame industry came under scrutiny on Wednesday after Hollywood canceled, postponed or played down a slew of movies and TV shows with violent content in the wake of last week's shooting at a Connecticut elementary school.In Washington, Senator John Rockefeller called for a national study of the impact of violent videogames on children and a review...
'Homeland' star Claire Danes gives birth to first child
Labels: EntertainmentLOS ANGELES (Reuters) - Emmy-winning actress Claire Danes has given birth to her first child, a boy, the publicist for the "Homeland" star said on Wednesday.Cyrus Michael Christopher Dancy was born on Monday to Danes, 33, and her husband, British actor Hugh Dancy.Danes' performance as CIA operative Carrie Matheson on Showtime's "Homeland" series scored her an Emmy win in September, while the psychological...
'Lincoln' at the Capitol draws director and star
Labels: EntertainmentWASHINGTON (AP) — Today's lawmakers might be excused for thinking they've seen this movie: A recently re-elected president spars with a quarrelsome Congress over an issue that roils the nation.The so-called fiscal cliff wasn't at the core of the film screened Wednesday in the Capitol for lawmakers. The movie "Lincoln" explores the political machinations involving President Abraham Lincoln and Congress...
Book Talk: The sin of envy on a small Greek island
Labels: EntertainmentTOKYO (Reuters) - After a Greek bride is abandoned at the altar and her prospective bridegroom is found blinded from an acid attack, local villagers are baffled until Hermes Diaktoras, a portly man in white tennis shoes, arrives to help.So begins "The Doctor of Thessaly," the third in a series of detective stories by British-born author Anne Zouroudi that feature Hermes, who even as he works to unravel...
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